Category: Maritime

Firm Ships 1st LNG Cargo To China
July 20, 2018 No Responses

Firm Ships 1st LNG Cargo To China

Russian gas company PAO Novatek has shipped its first cargoes of liquefied natural gas (LNG) from the Yamal LNG project to China via the Northern Sea Route. To commemorate the occasion, the arrival of LNG carriers Vladimir Rusanov and Eduard...
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LNG Business: Total Seals $1.5B Takeover of Engie’s Portfolio
July 15, 2018 No Responses

LNG Business: Total Seals $1.5B Takeover of Engie’s Portfolio

French energy giant Total has closed the acquisition of Engie’s portfolio of upstream liquefied natural gas (LNG) assets for an overall enterprise value of USD 1.5 billion. Should the oil market mark a major improvement in the coming years, Total’s...
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Nigeria Suspends Maerskline, Cosco, Two Others
July 14, 2018 No Responses

Nigeria Suspends Maerskline, Cosco, Two Others

The Nigerian Ports Authority (NPA) has announced a ten-day suspension of the services of Maerskline, Cosco Shipping, APS and Lansal with effect from July 14, 2018 as part of efforts to resolve the protest by truck drivers at the Lagos...
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Holding Bays: NPA To Sanction Shipping Firms, Terminal Operators
July 13, 2018 No Responses

Holding Bays: NPA To Sanction Shipping Firms, Terminal Operators

The Nigerian Ports Authority (NPA) is to sanction shipping firms and terminal operators over failure to comply with agreement on holding bays.   The agreement which was reached in November, 2017 between the Shipping Companies, Terminal Operators and the NPA,...
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NIMASA Engages CBN On Special Interest Rate
July 10, 2018 No Responses

NIMASA Engages CBN On Special Interest Rate

The Director General of Nigerian Maritime Administration and Safety Agency (NIMASA) Dr Dakuku Peterside has disclosed that the Agency is engaging the Central Bank of Nigeria to create a special interest rate for maritime assets acquisition in Nigeria stating t...
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LNG: Japan To Launch First Bunkering Vessel in 2020
July 9, 2018 No Responses

LNG: Japan To Launch First Bunkering Vessel in 2020

Central LNG Shipping Japan Corporation (CLS)  has placed an order for a 3,500 m3 LNG bunkering vessel (LBV) on July 6, the first to be operated in Japan. The joint venture company, established by Kawasaki Kisen Kaisha, Chubu Electric Power, Toyota...
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Hyundai Merchant Marine Receives Two Mega Containerships
July 8, 2018 No Responses

Hyundai Merchant Marine Receives Two Mega Containerships

The two 11,000 TEU sister ships, HMM Blessing and HMM Promise, were handed over to their owner on June 26 and 30, respectively. Originally ordered by Greek-based Oceanbulk Container Carriers in 2014, the ships were transferred to HMM as part...
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Dakuku In London, Explains NIMASA, IMO Technical Cooperation
July 6, 2018 No Responses

Dakuku In London, Explains NIMASA, IMO Technical Cooperation

 The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside has stated that Nigeria will continue to seek continued technical cooperation and support from the International Maritime Organization (IMO) in ord...
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Dakuku: Effective Intermodal Connectivity Vital To Port Efficiency
July 2, 2018 No Responses

Dakuku: Effective Intermodal Connectivity Vital To Port Efficiency

The Director General of the Nigerian Maritime Administration and Safety Agency NIMASA, Dr. Dakuku Peterside has stressed the importance of effective intermodal connectivity to port efficiency stating that good Port- city linkage systems would facilitate seaml...
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Dakuku: Maritime Silk Road Will Boost China-Africa Economic Partnership
June 30, 2018 No Responses

Dakuku: Maritime Silk Road Will Boost China-Africa Economic Partnership

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr Dakuku Peterside, has said the Maritime Silk Road initiative promoted by China to develop international shipping connectivity across South East Asia, Africa, Oceania, In...
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Samsung Gets Order For $250m Special-Purpose Ships
June 30, 2018 No Responses

Samsung Gets Order For $250m Special-Purpose Ships

South Korea’s shipbuilder Samsung Heavy Industries has received a contract to construct two special-purpose ships for a European company. According to the shipbuilder’s stock exchange filing, the deal has a value of around KRW 266.1 billion ($250Million)....
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Critical Role Of Maritime Sector To Economic Development, By Okowa
June 26, 2018 No Responses

Critical Role Of Maritime Sector To Economic Development, By Okowa

The Governor of Delta State, Senator Ifeanyi Okowa has stated that the efficiency and effectiveness of the Nigerian economy depends largely on the maritime sector as over 90 per cent of the world trade are transported through the sea.  ...
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How CMA CGM Commenced Operations In 1978 With Four Employees, One Ship
June 25, 2018 No Responses

How CMA CGM Commenced Operations In 1978 With Four Employees, One Ship

Jacques R Saadé, who died on Monday at the age of 81, founded the  Compagnie Maritime d’Affretement (CMA) 40 years ago, on 13 September 1978,  He began with 4 employees, a single ship and only one maritime service between Marseilles...
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Hyundai To Close Shipyard Over Lack of Orders
June 24, 2018 No Responses

Hyundai To Close Shipyard Over Lack of Orders

South Korean shipbuilder Hyundai Heavy Industries has decided to temporarily shut down its offshore shipyard due to a lack of orders, Yonhap said citing the company. The facility will run out of work by the end of July when it...
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